Florida Single Family Homes March 2022 Market Report
The Florida Single Family Home market activity had lower sales volume compared to last March. We remain in a market with unprecedented low inventory that is significantly affecting the real estate market. I don’t really see any quick turnaround until the inventory starts to increase. Closed sales were down by 6.2% (were down by 1.2% in February). New sales under contract (new pending sales) were down by 12.4% (were down by 12.6% in February).
Prices are continuing their rise. The median sales price rose by 21.1% (it was up by 23.0% in February). And, the average sales price was up by 16.9% (it was up by 16.7% last month).
The inventory of available homes for sale decreased by 10.2% from last year. This represents only a 1.0 months supply of inventory. Florida remains in an extreme seller’s market with a major advantage for sellers. (March 2021 had a 1.2 months supply) A balanced market favoring neither buyers nor sellers is considered to be one with a 6 to 7 month supply of inventory.
Previous Florida real estate market report posts.
Click here to view the full report!
Recent Florida Market Report Posts:
- Florida Townhouses and Condos March 2024 Market Report
- Florida Single Family Homes March 2024 Market Report
- Florida Townhouses and Condos February 2024 Market Report
- Florida Single Family Homes February 2024 Market Report
- Florida Townhouses and Condos January 2024 Market Report
- Florida Single Family Homes January 2024 Market Report
To view the latest set of reports from Florida Realtors for the state of Florida, Martin County, and Saint Lucie County, please visit GabeSanders.com and select Market Data.
Market information is courtesy of Florida Realtors Research. For additional information and historical archives please visit the Florida Realtors Research page.
Florida Single Family Homes March 2022 Market Report
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